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EconomistsTalkArt.org

Research-based policy analysis and commentary

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May 2016

WHY ARE THERE SO MANY ART THEFTS, AND WHAT CAN BE DONE ABOUT THEM?

Frederick Chen and Rebecca Regan

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More than 50,000 pieces of artwork are stolen each year globally, and many cases of art crimes are facilitated by lax security at museums. How can economic theory account for these observations, and what kind of policies would help reduce the incidence of art thefts?

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THE KNOWLEDGE CLUB: NEW BUSINESS MODEL

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(Jason Potts, John Hartley, Lucy Montgomery, Cameron Neylon and Ellie Rennie)

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Maybe we’ve been thinking about science all wrong. In the old model, knowledge was privately produced, then ‘communicated’ to make it a public good. Journals did the communicating. But a better model is to think of this whole process as a club of both producers and consumers together.

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THE ARTS ALONE OR TOGETHER? TIME USE AS A MEASUREMENT OF THE VALUE OF THE ARTS

Elisabetta Lazzaro and Carlofilippo Frateschi

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How can we measure the value of arts activities and practices taking into account individuals’ interactions? Is there a difference between participating in the arts when people are together or alone? We provide an alternative measurement of the economic value of the arts based on time use applied to couples’ participation offering useful insights to arts programmers, cultural policy makers and the society as a whole.

Continue reading “THE ARTS ALONE OR TOGETHER? TIME USE AS A MEASUREMENT OF THE VALUE OF THE ARTS”

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